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Court has issued an Arrest Warrant for Dr Vijay Mallya, Chairman and owner of the Kingfisher Airlines Ltd.





A court in the southern Indian city of Hyderabad has issued an arrest warrant for Vijay Mallya, owner of the cash-strapped Kingfisher Airlines.

The warrant relates to a case brought by Hyderabad International Airport after cheques, worth 103m rupees ($1.9m; £1.2m), bounced.

Kingfisher has struggled to repay its debts. The money owed in this case was reportedly to cover airport charges.

Legal experts say it is unlikely that Mallya will be arrested imminently.

They say Mallya will probably be summoned to court at an agreed future date and is likely to get bail.

This arrest warrant was only issued when Mallya failed to appear in court, despite a summons issued to him after the cheques bounced.

Mr Mallya, the crisis-hit airline's flamboyant owner, is also an MP in the Rajya Sabha, the upper house of the Indian parliament, as well as the chairman of the United Breweries group, India's largest brewing company, which makes Kingfisher beer.

Meanwhile, Kingfisher Airlines has extended its shutdown until 20 October after failing to persuade its striking staff to return to work.

The airline grounded its fleet on 1 October after some workers went on strike protesting against months of unpaid wages.

Kingfisher has been struggling with a cash shortage and has reported losses for five years in a row.

In July, the airline was forced to cancel 40 flights after staff went on strike, again over the airline's failure to pay months of wages.

After the government relaxed investment rules last month allowing foreign airlines to buy up to a 49% stake in domestic carriers in India, Mallya said discussions were taking place which could allow overseas operators to invest in the airline.

But analysts say that the current disruption and safety concerns could hurt efforts to win the investment that could save the airline from collapse.










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Order to arrest India Kingfisher chief
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Mr Mallya, the crisis-hit airline's flamboyant owner, is also an MP in the Rajya Sabha, the upper house of the Indian parliament, as well as the chairman of the United Breweries group, India's largest brewing company, which makes Kingfisher beer ...
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Kingfisher Airlines likely to halt flights till October 20
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Earlier on Friday, Union Civil Aviation Minister Ajit Singh said after Kingfisher Airlines replies to the show cause notice, the Directorate General of Civil Aviation (DGCA) would take a decision if the cash-trapped airline fulfils safety and ...
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Picture-perfect puffin triumphs in Marwell Wildlife competition
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Austin Thomas of Merseyside was the overall winner with his entry, 'Puffin in the rain', while 15-year-old Alex Berryman from Fleet won the junior category with his picture of a kingfisher. Alex said: “I have achieved many Kingfisher shots over the ...
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Good times ahead for the airlines industry
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CHENNAI: The festive season is expected to bring in some cheer to the beleaguered airlines industry with airlines companies expected to benefit from an appreciating rupee, temporary shutdown ofKingfisher and improvement in yields and utilizations due ...
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Kingfisher flights stand cancelled from Oct 15-20
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Tweet. New Delhi, Oct 12: Kingfisher Airlines has said in an e-mail that in view of operational reasons, all flights across the network stand cancelled from October 15-20. Keywords: KingfisherAirlines, Kingfisher flights, Kingfisher flights cancelled ...
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India's Kingfisher Airlines Chief Vijay Mallya Faces Arrest Over Bounced Cheques
IBTimes.co.uk
Kingfisher Airlines chief Vijay Mallya faces arrest. A non-bailable arrest warrant has been issued for Vijay Mallya, the owner of the troubled Indian airline KingfisherAirlines, after cheques issued by his company allegedly bounced. Arrest warrants ...
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IBTimes.co.uk
Kingfisher employees will not return to work until paid
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“The management may say that flights will resume from October 13, but we will not return to work till our seven months' salaries are paid. Let us now pray to the almighty,” a Kingfisher employee said to a few hundred colleagues, who had gathered at ...
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